Bowmans was tax and legal counsel to Dis-Chem Pharmacies Limited in relation to its 2016 IPO. Significance: This was an extremely high profile and significant matter, as Dis-Chem is one of the largest pharmaceutical groups in the country. This was the second largest IPO on the JSE in 2016. Our appointment follows an extensive and rigorous process run by four investment banks (two domestic and two international) who have been appointed as joint book-runners. Role: From a tax perspective, our role specifically included structuring the transactions required for the required free float taking into account the company’s requirements and the shareholding structure, as well as arranging and advising on a number of group reorganisation and related transactions.
